Binance Introduces Nillion: A New Opportunity for Crypto Enthusiasts
The world’s largest cryptocurrency exchange, Binance, has announced its 65th Launchpool project, Nillion (NIL). Nillion is designed to securely process and store data while preserving privacy through a decentralized network. Users can earn NIL rewards by staking BNB, FDUSD, and USDC coins for a three-day period. The farming process will commence on
Will Bitcoin’s Support Level Ignite Market Surge?
Crypto strategist Michaël van de Poppe has underscored the importance of Bitcoin maintaining its weekly support level of $84,500. A breach of this critical threshold could set off a series of rallies, fostering optimism in the market. Currently, Bitcoin is witnessing a 5.7% increase, trading at $87,315. However, van de Poppe warns
OKX has been compelled to cease offering DEX services until EU regulators investigate the Bybit breach.
OKX is temporarily suspending its decentralized exchange (DEX) aggregator services in the European Union, citing regulatory concerns. The suspension comes amid reports that EU regulators are investigating its Web3 services after hackers used them to launder stolen funds from the $1.5 billion Bybit hack. While OKX has denied being under investigation,
Binance Moves 134 Million in a Big USDC Transfer
Over 134 million USDC was transferred from Binance to an unidentified wallet at 16:17, according to Whale Alert. The transaction raises questions about liquidity and potential trading actions, echoing previous large-scale stablecoin movements. Traders observe impactful shifts in cryptocurrency dynamics. 134.6 Million USDC Moves to Unknown Wallet Recent large-scale transfer moved 134,607,656 USDC from Binance to
The US House votes against the IRS rule that targets DeFi platforms.
The decision was made after a similar Senate vote, and if approved again, it will go to President Trump. Meanwhile, the Senate Banking Committee is preparing to vote on the updated GENIUS Act, which is a stablecoin regulation bill that could grant US-issued stablecoins a competitive edge. Additionally, Senator Cynthia
Will the outcome of the Ripple v. SEC lawsuit help XRP’s future and cryptocurrency exchange-traded funds?
The long-running legal battle between Ripple and the SEC is entering its final phase, and the crypto community is eager to see how it ends. After years of back-and-forth arguments, multiple court rulings, and shifting regulatory stances, several outcomes are now possible. Can the SEC Just Walk Away? All Things XRP,
Bitget Introduces 20x Leverage and Trading Bot Support for REDUSDT Futures Trading
Bitget, the leading cryptocurrency exchange and Web3 company, has introduced REDUSDT perpetual futures trading with a maximum leverage of 20x. This new offering is now available on both the Bitget website and mobile application, enhancing trading opportunities for users. The REDUSDT-M perpetual futures contract is settled in USDT and features
Pi Coin Soars Above $1.70 on Market Optimism
In a notable development, Pi Coin has witnessed a remarkable increase of over 5% in its value over the past 24 hours, recovering from a recent dip that brought its price down from a peak of $3. Currently trading between $1.70 and $1.95, market sentiment is buoyant, with many believing
Why was Cardano added to the U.S. Crypto Reserve by Trump?
U.S. President Donald Trump’s decision to include Cardano’s native cryptocurrency ADA in his planned “strategic crypto reserve” sent shockwaves through the blockchain community, and it made massive gains. ADA’s value jumped more than 70% in under 24 hours as investors scrambled to fill up their bags of the newly crowned
A new standard for the accounting and disclosure of cryptocurrency assets is adopted by the FASB.
The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) to address the accounting for and disclosure of crypto assets. The ASU’s amendments improved the accounting for certain crypto assets by requiring entities to measure them at fair value and recognize fair value changes in net income each
